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61% of First-Time Maryland Home Buyers Put Down Less than 6%

 

Family walking through the door to get into a new home

Infographic By KCM Crew

61% of First-Time Maryland Home Buyers Put Down Less than 6%

According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017.

Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers.

Zillow Senior Economist Aaron Terrazas’ recent comments shed light on why buyer demand has remained strong,

Looking into 2018, rent is expected to continue gaining. More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.

It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.

If you are one of the many first-time buyers who is not sure if you would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership!

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Carlos Gautier Realtor
10665 Stanhaven Pl Suite 300
White Plains,
MD
20695
www.carlos4homes.com
Mon-Sat 8am - 6pm
Maryland Homes For Sale

 

Homes for Sale Indian Head MD 20640 | Homes for Sale La Plata MD 20646 | Homes for Sale Port Tobacco MD 20677 | Homes for Sale Bryans Road MD 20616 | Homes for Sale Bryantown MD 20617 | Homes for Sale Cobb Island MD 20625 | Homes for Sale Hughesville MD 20637 | Homes for Sale Pomfret MD 20675 | | Homes for Sale Waldorf MD 20601, 20602, 20603, 20604 | Homes for Sale Bel Alton MD 20611 | Homes for Sale Benedict MD 20612 | Homes for Sale Faulkner MD 20632 | Homes for Sale Issue MD 20645 | Homes for Sale Marbury MD 20658 | Homes for Sale Nanjemoy MD 20622 | Homes for Sale Newburg MD 20664 | Homes for Sale Swann Point MD 20645 | Homes for Sale Welcome MD 20693 | Homes for Sale White Plains MD 20695

20640 | La Plata MD Homes 20646 | Port Tobacco MD Homes20677 | Bryans Road MD Homes 20616 | Bryan Town MD Homes 20617 | Cobb Island MD Homes 20625 | Hughesville MD Homes 20637 | Pomfret MD Homes 20675 | Waldorf MD Homes 20601, 20602, 20603, 20604 | Bel Alton MD Homes 20611 | Benedict MD Homes 20612 | Faulkner MD Homes 20632 | Issue MD Homes 20645 | Marbury MD Homes 20658 | Nanjemoy MD Homes 20622 | Newburg MD Homes 20664 | Swann Point MD 20645 | Welcome MD Homes 20693 | White Plains Homes 20695 |

1,330 Results Price (high to low)
30
$325,000 Under Contract
7620 Poplar Street
Charlotte Hall, MD 20622
4 beds, 3 baths | Single Family Home
2,264 sq ft; lot: 1.23 acres
27
$315,000 New For Sale
12117 Silver Maple Drive
Waldorf, MD 20601
5 beds, 3 baths | Single Family Home
2,544 sq ft; lot: 17860 sq ft
24
$294,900 Under Contract
10335 Tayloes Neck Road
Nanjemoy, MD 20662
4 beds, 3 baths | Single Family Home
lot: 3 acres
24
$242,000 Under Contract
6801 Dakota Court
Bryans Road, MD 20616
4 beds, 2 baths | Single Family Home
2,000 sq ft; lot: 14375 sq ft
22
$2,490,000 For Sale
5075 Crain Highway
La Plata, MD 20646
2 beds, 1 full, 1 partial baths | Single Family Home
950 sq ft; lot: 16.87 acres
3
$2,200,000 For Sale
11275 Edge Hill Road
Newburg, MD 20664
3 beds, 2 baths | Single Family Home
lot: 15.85 acres
29
$1,500,000 For Sale
1825 Budds Ferry Place
Indian Head, MD 20640
6 beds, 5 full, 1 partial baths | Single Family Home
lot: 21.65 acres
29
$1,349,900 For Sale
9200 Lanseair Farm
Welcome, MD 20693
3 beds, 3 full, 1 partial baths | Single Family Home
lot: 7.05 acres
1
$1,300,000 For Sale
4590 Hawthorne Road
Indian Head, MD 20640
4 beds, 1 full, 1 partial baths | Single Family Home
lot: 182.45 acres
30
$1,250,000 For Sale
2835 Kelly Court
Waldorf, MD 20603
5 beds, 6 full, 2 partial baths | Single Family Home
lot: 2 acres
30
$1,025,000 For Sale
9150 Margaritaville Place
Welcome, MD 20693
4 beds, 2 full, 1 partial baths | Single Family Home
lot: 15.55 acres
30
$999,999 For Sale
4070 Creeds Mill Place
Marbury, MD 20658
6 beds, 6 baths | Single Family Home
4,795 sq ft; lot: 50.43 acres
30
$900,000 For Sale
16340 Woodville Road
Brandywine, MD 20613
4 beds, 2 full, 1 partial baths | Single Family Home
lot: 16.74 acres
11
$875,000 For Sale
8710 Courtney Drive
Waldorf, MD 20603
5 beds, 5 full, 1 partial baths | Single Family Home
5,626 sq ft; lot: 2 acres
15
$850,000 For Sale
13045 Saunders Marina Place
Newburg, MD 20664
3 beds, 2 baths | Single Family Home
lot: 4.98 acres
19
$800,000 Under Contract
11774 Pika Drive #4
Waldorf, MD 20601
Condo
7,576 sq ft; lot: 6098 sq ft
5
$799,000 Active Under Contract
4334 Charles Crossing Drive #4330 433
White Plains, MD 20695
Condo
13,554 sq ft; lot: 4792 sq ft
25
$749,999 For Sale
13875 Waverly Point Road
Newburg, MD 20664
3 beds, 2 full, 1 partial baths | Single Family Home
lot: 8.55 acres
30
$749,900 For Sale
9205 Marshall Corner Road
Pomfret, MD 20675
4 beds, 4 full, 1 partial baths | Single Family Home
lot: 4.89 acres
30
$739,000 For Sale
5570 Laurie Place
Pomfret, MD 20675
4 beds, 2 full, 1 partial baths | Single Family Home
3,916 sq ft; lot: 5 acres

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Carlos Gautier
White Plains, MD 20695
301-399-3519
carlosagautier@yahoo.com

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